Legislative developments – 2011 – Appropriations

Tax and Superannuation Laws Amendment Act (2012 Measures No.1) received royal assent on 27 June 2012.  The amendments will ensure that payments made from one government related entity to another government related entity, covered by an appropriation under an Australian law will be excluded from the definition of consideration where it is not a supply which is commercial in nature.

The Government has decided to amend the law following the decision of the Full Federal Court of Australia in TT-Line Co Pty Ltd v FCT [2009] FCAFC 178.

The amendments take effect from 1 July 2012.


Legislation introduced into Parliament

Exposure draft legislation

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